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During 2014, Nilsen Company started a construction job with a contract price of $1,808,000. The job was completed in 2016. The following information is available.

During 2014, Nilsen Company started a construction job with a contract price of $1,808,000. The job was completed in 2016. The following information is available.

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Prepare all necessary journal entries for 2015, assuming all costs are on account.

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